Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Trading Down 0.1% – What’s Next?

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)’s stock price fell 0.1% on Monday . The stock traded as low as $11.89 and last traded at $11.94. 592,720 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 389,206 shares. The stock had previously closed at $11.95.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

The firm has a market capitalization of $391.37 million, a PE ratio of 10.83 and a beta of 1.02. The stock’s 50-day simple moving average is $12.37 and its 200-day simple moving average is $12.57.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in Invesco KBW High Dividend Yield Financial ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 726,416 shares of the company’s stock valued at $9,109,000 after acquiring an additional 18,508 shares in the last quarter. Gradient Investments LLC raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 2.8% in the 2nd quarter. Gradient Investments LLC now owns 642,248 shares of the company’s stock worth $7,977,000 after acquiring an additional 17,634 shares in the last quarter. Endowment Wealth Management Inc. lifted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 4.9% in the 4th quarter. Endowment Wealth Management Inc. now owns 54,829 shares of the company’s stock valued at $749,000 after purchasing an additional 2,577 shares during the period. Cetera Investment Advisers lifted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 10.4% in the 1st quarter. Cetera Investment Advisers now owns 57,599 shares of the company’s stock valued at $722,000 after purchasing an additional 5,408 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 69.0% during the fourth quarter. IFP Advisors Inc now owns 41,326 shares of the company’s stock valued at $565,000 after purchasing an additional 16,878 shares in the last quarter.

Invesco KBW High Dividend Yield Financial ETF Company Profile

The Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a dividend-yield-weighted index of US financial firms. KBWD was launched on Dec 2, 2010 and is managed by Invesco.